PK Clean Technologies, a US-based company, but whose 10000 sq.ft. pilot plant is in Pune, has just won the 3rd prize in a Business Plan Competition for environment-friendly technologies held at Rice University, Texas, USA. PK Clean has also 4 other prizes this year, including MIT’s Clean Energy Prize in 2011, and is in the running for 2 other prizes.
What does PK Clean do?
PK Clean is able to transform the most painful form of waste into the most useful type of energy.
Specifically, they can convert plastics (which get thrown in garbage) into oil. From their website:
Our vision is to turn landfilled plastics into a $7 billion annual oil market, from selling the renewable fuel we produce to refineries. PK Clean has 100% ownership over our patented catalytic depolymerization process, which is now operating in a 20 ton per day pilot facility, and our MIT team has expertise in renewable energy and oil.
PK Clean is a US-based company, but their first plant, a pilot-plant that processes 20 tons of waste plastic per day and converts it into 80 barrels of fuel has been built in Pune, says CNN
PK Clean is seeking a $4 million investment to deploy the technology in the U.S. PK Clean will need to endure a lengthy permitting process before breaking ground. Still, Bakaya believes she’ll see a plant on American soil that can process 100 tons of plastic per day by 2014.
IndiaCo Advisors, a Pune-based investment management firm has announced InEnCy, a business plan competition focusing on energy efficiency.
Here is the pitch:
Energy efficiency, a prime factor in India’s economic growth and sustenance, requires innovative ideas converging into practice. For the purpose of promoting Energy Efficiency ideas into viable business, IndiaCo Advisors Pvt. Ltd. is proud to present InEnCy: The Business Plan Competition.
InEnCy is a first of its kind business plan competition in India, launched by IndiaCo in January 2011. It aims at identifying potential relevant innovations that could lead to viable businesses with technological and or scientific breakthroughs to improve or revolutionize Energy Efficiency. With this focus InEnCy has been able to create a support network of industry experts, VCs & investors operating in Energy Efficiency space. The InEnCy team has made a confidant foray into the competitive field of mentoring and Guidance and plans on making InEnCy Business plan competition an annual event to be held in May each year.
Laser focused on the energy efficiency sector, this competition would give a platform to budding entrepreneurs to present their innovative business plans. Mentored by a panel of industry experts, these entrepreneurs will have the further opportunity to shape and fine tune their concepts and hence turn them into successful and thriving businesses.
One winner will be proclaimed, but many more ideas to change the world will get exposure through the competition process. At the Grand Finale on May 14th InEnCy will be showcasing the final 10 business plans/ideas; best three of which will receive exciting awards!
Shortlisted candidates will be assigned mentors from a panel of experts.
Online mentoring is available if required
Structured and transparent mentoring process.
Prizes worth Rs. 5,00,000.
A chance to pitch for Investments from IndiaCo Energy Efficiency Fund.
Network access to investors, mentors and potential partners.
Access to technology incubators.
The last date for registering is 27th Feb, 2011. Check out the InEnCy website and get started.
What: PuneCleanTech talk on Ecological Restoration of Abandoned Mines by Kaustubh Moghe When: Saturday, 31 July, 11am Where: Venture Center, NCL Innovation Park, Pashan Road. Map: http://bit.ly/VenCen (To reach Venture Center, go past NCL towards Pashan, pass the cricket ground adjacent to NCL and then you’ll find NCL Innovation Park / Venture Center on the right hand side.) Registration and Fees: This event is free for all to attend. Free seating on First Come, First Seated basis only Further Info: Contact Harshad Nanal (firstname.lastname@example.org), Anil Paranjape (email@example.com)
Ecological Restoration of Abandoned Mines
There are supposedly heaven and hell for dead people. But dead mines (abandoned mines) continue to just sit where they are. Their owners have exploited them for all they are worth and then they are just left there. The problem is that unlike dead animals or vegetation, these mines don’t just decay. They are a big hazard for all of us. Apart from being an eyesore, they pose significant physical hazards (people fall into them) and they have a tremendous environmental hazard by leaching dangerous chemicals into the ground water.
Word over, this is a big problem with millions (yes, millions) of mines abandoned. India is no exception. A few responsible owners take steps to return the abandoned mine land back to nature. But how do you return deep holes stretching miles and miles in diameters and highly denuded earth around them back to nature? How do you restore the biodiversity and flora and fauna?
PuneCleanTech presents a rare talk on this fascinating subject by a practicing conservation biologist, Mr. Kaustubh Moghe, on 31st July at 11:00am at the NCL Venture Center.
As always this talk is free for everyone. For more information, please visit PuneCleanTech. We don’t really know where dead people go but at least here’s a chance to learn about what happens (or should happen) to dead mines! It’s a problem created by our consumption machine, so let’s at least be aware of this. Well, here’s your rare chance to learn about it.